Truist Financial Lowers Peakstone Realty Trust (NYSE:PKST) Price Target to $15.00

Peakstone Realty Trust (NYSE:PKST) had its target price dropped by analysts at Truist Financial from $17.00 to $15.00 in a report released on Tuesday, Benzinga reports. The brokerage currently has a “hold” rating on the stock. Truist Financial’s price target would indicate a potential upside of 12.28% from the company’s previous close.

Peakstone Realty Trust Trading Down 3.0 %

Peakstone Realty Trust stock opened at $13.36 on Tuesday. The business has a 50 day moving average price of $14.88 and a two-hundred day moving average price of $15.82. The company has a quick ratio of 5.89, a current ratio of 5.89 and a debt-to-equity ratio of 1.19. The stock has a market cap of $485.10 million and a price-to-earnings ratio of -0.86. Peakstone Realty Trust has a 12 month low of $12.29 and a 12 month high of $47.00.

Peakstone Realty Trust (NYSE:PKST) last posted its quarterly earnings results on Thursday, February 22nd. The company reported ($0.55) EPS for the quarter, missing the consensus estimate of $0.65 by ($1.20). The firm had revenue of $63.06 million during the quarter, compared to analyst estimates of $62.07 million. Peakstone Realty Trust had a negative net margin of 216.52% and a negative return on equity of 38.73%. As a group, equities analysts forecast that Peakstone Realty Trust will post 2.82 EPS for the current year.

Hedge Funds Weigh In On Peakstone Realty Trust

A number of hedge funds have recently modified their holdings of PKST. Huntington National Bank acquired a new position in shares of Peakstone Realty Trust in the 3rd quarter worth approximately $26,000. Fortis Group Advisors LLC bought a new stake in Peakstone Realty Trust during the 3rd quarter worth approximately $26,000. Bare Financial Services Inc bought a new stake in Peakstone Realty Trust during the 4th quarter worth approximately $29,000. Allspring Global Investments Holdings LLC bought a new stake in Peakstone Realty Trust during the 3rd quarter worth approximately $42,000. Finally, Tower Research Capital LLC TRC bought a new stake in Peakstone Realty Trust during the 2nd quarter worth approximately $43,000. 38.98% of the stock is owned by institutional investors and hedge funds.

Peakstone Realty Trust Company Profile

Peakstone Realty Trust (NYSE: PKST) is an internally managed, real estate investment trust (REIT) that owns and operates a high-quality, newer-vintage portfolio of predominantly single-tenant industrial and office properties. These assets are generally leased to creditworthy tenants under long-term net lease agreements with contractual rent escalations.